About The Team The Financial Accounting, Infrastructure and Reporting team (FAIR) is accountable for the integrity of the books and records of the Firm / LOBs and leading large-scale data, infrastructure, accounting standard and business process change management events. The function enables governance of systemic and manual controls, specifically as it impacts the General Ledger, …
Position Responsibilities: Audit associates provide timely, high quality client service with large and small companies in a variety of industries. They will develop strong working relationships while working closely with teams to understand clients’ businesses and challenges. Associates serve our clients by: Developing an understanding clients’ needs and expectations, their business and industry, accounting and …
Summary Of Responsibilities Provide independent valuation services to internal and external clients across a wide array of OTC derivative products including rates, credit, equity, FX, inflation, commodity, and volatility / variance swaps Produce and analyze valuations on OTC derivatives within client portfolios on a daily basis. This will also involve comparing and analyzing OTC valuations …
JP Morgan Chase & Co. – CIB_Fund Servicing Analyst _Team Leader Read More »
Anyone Want to Join PWC Qualification: – CA/MBA Experince: – Fresher as well as experience both. Domain: – Any Mail: – cacareeropportunities@gmail.com Subject: – Domain_Location_Qualification. Please share your resume, you will be referred on the basis of current opening. Favorite
PWC Hiring Senior Associate in Corporate Transfer Pricing Location:- Gurgaon Mail:- cacareeropportunities@gmail.comSubject:- 411431WD_Senior Associate_Corporate Transfer Pricing Experience: – 3-5 Year’s in Corporate Transfer Pricing. Favorite
PWC Hiring Associate For Gurgaon Location In Financial Services Tax Mail: – cacareeropportunities@gmail.com Subject: – FS Tax_Gurgaon To qualify for the same the Associate will need: To be a Qualified Chartered Accountant with 0-2 year of relevant experience Profile Requirements: – Working in this discipline will see an Associate working on engagements and teams (sizes …
We are looking for CA fresher 2021 , 2022 passout Salary upto : 7.5 LPA NIIT Website Link – https://www.niit.com/india/training/about-niit/Pages/overview.aspx NIIT LinkedIn Page – https://www.linkedin.com/company/niit-limited please find the below company details. About NIIT Limited ( https://www.niit.com/india/ ) NIIT is a leading Skills and Talent Development Corporation that is building a manpower pool for global industry …
Chartered Accountant for a Philippines Client. DADJ Inc is seeking inviduals with expertise in Financial Planning Analysis, Accounting Financial Reporting, SEC Reporting, MA Transaction Support, Financial System Implementation, Process Redesign, Project Management, and Post-Merger Integration. Please note: This is a remote role, anywhere in India Key Projects Include Supporting aggressively tight accounting cycle closes from …
About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and …
Northern Trust – Senior Analyst – Security Pricing Read More »
The D. E. Shaw group is a global investment and technology development firm with more than $60 billion in investment capital as of June 1, 2022, and offices in North America, Europe, and Asia. Since our founding in 1988, our firm has earned an international reputation for successful investing based on innovation, careful risk management, …
Requisition iD- 1406925 As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom. At EY, we don’t just focus on …
Corporate Finance: Financial Accounting, Infrastructure & Reporting – Allocations & Attributions – Analyst The Financial Accounting, Infrastructure and Reporting (FAIR) team is accountable for the integrity of the books and records of the Firm / LOBs and leading large-scale data, infrastructure, accounting standard and business process change management events. The regional locations covered by FAIR …
JP Morgan Chase & Co. – General Ledger Allocations & Attributions Analyst Read More »
EY India is hiring for Valuation team. Required Qualification – CA/CFA/MBA Hiring location – Bangalore (candidates willing to relocate can also apply) Required Experience – 1 Year + Business valuation experience. Hiring level – Associate If you’re interested, please send your CV at srishti.mohanani@in.ey.com with subject – Favorite
REQUISITION ID- 1404149 As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom. At EY, we don’t just focus on …
Responsibility The Candidate Will Be Responsible For Reporting to the team leader of the transfer pricing vertical in Corporate Tax Hub India team with high degree of interaction with the local Corporate Tax teams in the APAC and EMEA region. Undertaking transfer pricing compliance obligations in APAC/EMEA and other countries, including: Prepare/review transfer pricing documentation …
About Northern Trust Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families and institutions by remaining true to our enduring principles of service, expertise and …
Northern Trust – Analyst/Senior Analyst – Credit and Counterparty Risk – Reporting Read More »
The Global Finance & Business Management (GF&BM) function within JPMorgan Chase & Co. is a dynamic organization that plays a critical role, particularly as regulatory and capital requirements continue to impact the way we do business. If you like analyzing results and using data to drive decisions, then we have a role for you. Our …
JP Morgan Chase & Co. – Global Finance & Business Management Read More »
Job Id: 23610272 Risk Data, Analytics, Reporting and Technology (DART) oversees risk data aggregation, controls, reporting and analysis across all Risk Management teams, including the function of the Risk Data Transformation Sponsor, accountable for Risk’s overall data efforts, working closely with the enterprise data office. DART is responsible for enterprise reporting, data management, and technology …
CA Fresher hiring by a FinTech Co. at Ahmadabad Job description Assistance in statutory compliances, reporting, various audits Assistance in routine / other allied accounting and tax matters, Tax Audit /TP, Internal Audit, Indirect Taxes – GST, IFRS Financials Stronghold & knowledge on tax limits, TDS, GST, ROC & Direct Taxes GST Return & GST …
CA Freshers for Technology Consulting (Microsoft Dynamics) – Nov 2022 Batch passout Please fill the details in below given link: https://docs.google.com/forms/d/1FChedEGKTw3bW3QJxEZ0J726LZqIq5fVezn6mw89s4s/edit PFB JD for your reference. Qualification-CA Location-Mumbai, Bangalore, Kolkata, Gurgaon No of Position-16 The openings are under Technology Consulting in Microsoft Business Enterprise solution. The tasks, roles and responsibilities concerned with the job are …
Kotak General Insurance is hiring CA Freshers for Mumbai, Goregaon location. Profile will be explained on call Pls share CV to pallavi.nautiyal@kotak.com Favorite
Finaleap is hiring CA Fresher at Pune for: Functioning of Finance department of a newly formed Bank. Experience the transition of an existing Finance firm into a Bank Merger of different types of entities Hands-on with various aspects which are covered by finance team of a Bank Learn Treasury related functions of a Bank. Learn …
Hiring Senior Executive Finance – CA Fresher for Client of Grandeur Recruitment Consultants. Job description Supervise book-keeping & ensuring all entries are passed for general ledgers, accounts, payables, receivables, banking, on daily basis, Periodic inter-branch/inter-company reconciliations Pass out from 2021 or 2022 and Proficiency in Microsoft Excel Excellent oral and written communication skills Contact: Aseem-9899063260 …
Grandeur Recruitment Consultant – Finance Accountant Read More »
CA Freshers (Audit/Litigation/Assistance/Consultancy) Role and Responsibilities (AUDIT) Support day to day current and future requirements of the retainer clients Support for audit to clients to enable them to get value-added solutions within law Candidate will be aligned to the?audit vertical and will be made responsible for end to end procedures for our clients Candidate will …
CA Hiregange & Associates – Audit/ Litigation/ Assistance Read More »
SBFC is hiring CA Fresher’s for Internal Audit Team at Mumbai, Andheri. Roles and Responsibilities Conduct Risk based internal audit of various functions. Prepare & review internal audit documentats. Design RCM for various departments. Summarize audit outputs, streamline & suggest better processes & practices basis observations. Preparing Internal audit deck for Board meeting Candidate from …
Opportunity for CA Fresher at Mumbai in Tata Technologies Job Description: Self-starter, Good communication & presentation skill Good exposure to accounting, GST, Banking/Financing industry, business process and functional knowledge, SAP module integration Understand & validate the reports requirements Provide training to end-user. Mapping business practices to ERP software, client and Business user meetings. Pls share …
Grant Thornton is hiring for various posts on PAN India level Areas- Statutory Audit, Internal Audit, Direct tax , Indirect tax, Transfer pricing and Forensic Audit Profile- Consultant Experience – Fresher or experience Opening – Approx 200 Location – PAN India Qualification – CA Interested candidates can share their CVs at my email id – …
Hiring CA for Direct Tax at Deloitte Mumbai. Position: Assistant Manager / Deputy Manager Experience:1-4 years in tax. Pls email CV at mgangar@deloitte.com Favorite
Deloitte USI is hiring Newly Qualified Chartered Accountants (Nov -22) Role – Audit Senior Assistant Location – Hyderabad & Gurgaon Interview Dates – 4,6 and 9 of February Interested candidates can send their CV to casaitejachirunomula@gmail.com/ can DM here Please refrain from sending if u have already applied in last 6 months. Favorite
RSM India is hiring CA with 0 to 2 years’ experience in Internal Audit for Noida location, interested candidates do share their CVs on piyush.bisht@rsmindia.in Favorite
Deloitte USI (Offices of the US) is hiring for the below position for its offices across Gurgaon & Hyderabad in Statutory Audit profile: Qualification (Staff)- CA/CPA Mail your CV at camandeepbedi@gmail.com Note:- Only for Nov 22 Qualified candidates. Favorite
Deloitte USI is hiring for the following roles for the US India Audit and Assurance Practice for External Audit for Gurgaon/ Hyderabad Staff – Qualified Chartered Accountants/CPA only “Nov 2022” attempt Interested candidates can send their resumes at caankitasrivastav@gmail.com Favorite
About The Team The Financial Accounting, Infrastructure and Reporting team (FAIR) is accountable for the integrity of the books and records of the Firm / LOBs and leading large-scale data, infrastructure, accounting standard and business process change management events. The function enables governance of systemic and manual controls, specifically as it impacts the General Ledger, …
JPMorgan Chase & Co. – FAIR – Loans & Deposits ACC – Analyst Read More »
Finance Operations is focused on the implementation of production tools and processing activities, including any adjustments, reconciliations, and data validations. Job Responsibilities Partner with Technology and various project teams designing new processes for implementation Work in an Agile work stream while meeting program goals and deadlines Support the operations team through the continuous on-boarding of …
JPMorgan Chase & Co. – Financial Controller Analyst Read More »
Aditya Birla Chemicals, Mumbai wishes to hire for Fresher CA for Finance role.- Only Female candidates based in Mumbai Employer – Aditya Birla Chemicals Role. – Finance Executive Industry Type – Fertilizers / Pesticides / Agro chemicals Job Location – Mumbai- Worli Criteria – CAs qualified in May’22 / Nov’22 Batch ( Max 2nd attempt …
Job Id: 22585912 About FRSS Finance & Risk Shared Services (FRSS) supports Citi’s Finance function and is responsible for managing diverse finance processes such as Systems Operations, Operational Accounting and Balance Sheet Control, Financial & US Regulatory Reporting, Management Reporting, Treasury Reporting and Basel Operations. FRSS strives to reduce complexity by consolidating and re-engineering end-to-end …
The ideal candidate will be involved with Roles and Responsibilities Execution for all merchant banking assignment (including Mergers & Acquisitions, IPO, Rights Issue, delisting, open offer, buy back, ESOP, structuring, etc). Correspondences / Interaction with regulatory authorities, e.g. SEBI, Stock Exchanges, RBI, etc Due Diligence, drafting of offer document / prospectus, public announcement, agreements, schemes …
GST compliance on behalf of clients Cloud based – Accounting and payroll process for clients across India Communicating and coordination with clients with respect to deliverable Preparation of MIS and reports as defined in SLA with clients Expertise with MS office, emails Sound communication skills – oral and written Experience of Zoho or QuickBooks online …
EbizFilling India Pvt Ltd. – Financial Accountant Read More »
JSP is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors. We are looking for recently qualified Chartered Accountant(s) across Finance, Corporate Strategy, M&A Function at JSP, Delh/NCR. Required Experience and Qualification: Qualified CA (Nov 2022 session) (preferably Rank Holder/Cleared in 1st attempt/Strong Educational Pedigree) Work Experience – Articleship at …
Job responsibilities will include: Finalisation of statutory audit assignments Financial Due Diligence Finalisation of Accounts Handling of team Being a SPOC for the client Good technical knowledge of AS, SAs etc. needed for execution of assignment Communicate with clients and their overseas counterparts wherever required Co-ordination with the firm’s cross service teams (IDT, Tax, C …
Job Reference # 269812BR Job Type Full Time Your role Does financial management excite you? Are you keen to keep a track of financial markets and how events in markets impact the P&L and Balance sheet of trading desks? Do you have a curious mind and get excited about investigating complex issues, identifying root causes, …
Location – Lower Parel, Mumbai Experience Required – 1-3 Years Qualification – CA Audit Responsibilities include: 1) Audit Planning: – Responsible for planning audits / activity as per agreed plan with the Manager and preparing the audit planning documents. – Perform Client Opening Meeting and process walkthroughs. Prepare and discuss the Risk Assessment Matrix(RAM) – …
Role Summary : Senior Internal auditor is responsible for performing individual audit reviews as part of the internal audit plan. This will involve travelling across different markets in countries for the purpose of conducting audits. Responsibility includes developing audit plan, performing audit procedures and preparing audit reports reflecting results of the work performed and ensuring …
Deputy Manager – Finance – Maintenance of accurate records for all day-to-day transactions – Managing day-to-day funds – Managing treasury function, raising WCDL & short-term loans as per the business requirements – Preparing MIS reports, cash & fund flow statement and other financial reports for tracking the financial performance of the company – Finalization of …
Revenue Recognition – Chartered Accountant We are looking for an energetic and experienced qualified chartered accountants with 2-to-4-year experience to join our finance team. As part of our team, the incumbent should possess experience in Revenue Recognition, Accounts Payable and General Ledger Functions, with working knowledge of SAP (preferable), GST, TDS and relevant statutory laws. …
CA – Bangalore (need candidates only from Big4 Firm) This role reports into the Head of Accounts Role Requirement : – CA with at least 2 years of relevant experience in creating financial reporting and working on monthly close processes. – Thorough knowledge of accounting standards, processes and systems. – Thorough knowledge of tax and …
– Assisting Associate Director in preparing /handling complex advisory and compliance engagements such as Regulatory/Tax structuring and re-structuring of funds, companies, LLPs, trusts etc., – Advisory and Litigation support pertaining to Income-tax laws and rules framed therein, SEBI regulations (covering broking, mutual funds, distributors, investment advisors, private equity, venture capital), Companies Act and rules framed …
Roles and Responsibilities : The role involves providing objective advise, expertise, guidance and specialist skills with the aim of achieving the project targets. The Senior consultant will mainly work with the EY team to: – Be part of the client engagements and lead specific work-streams – Understand client requirements and finance processes, design and implement …
General : Job Title/Position : Assistant/Deputy Manager Department : Internal Controls Reporting to : AGM Internal Controls No. of subordinates (Direct) :1 Job Profile / Duties and Responsibilities : KPIs : Internal Controls Experts to take part in a rare opportunity of building a global controls function from scratch, covering all aspects of controls life …
We are a boutique financial research and investment intelligence firm that works with our clients on exclusive and customized mandates. The firm was founded by a seasoned investment professional with several years of experience conducting detailed financial and investment due-diligence along with investigative research for global alternative investment and M&A advisory firms. In order to …
– Prepares monthly business reports by collecting data; analyzing and investigating variances; summarizing data, information, and trends. – Preparation and Finalization of P&L A/c, Balance Sheet & Cash flow on a Monthly, Quarterly & Yearly basis. – Rolling budget and improvements based on the above information – Developing financial models and providing financial forecasts – …
Management Trainee – Fresh CA attempts or passouts Must haves: 1. Fresh CA first attempt Other Qualities: 1. Should be proficient in MS Excel, Word and Power Point 2. Should be able to communicate effectively with colleagues, managers as well as external persons like consultants, vendors and customers Job Summary: Management Trainee will be given …
Audit and Assurance OVERVIEW : An independent audit of financial statements is essential for the effective operation of business entities and the capital markets. We are committed to providing a constructive and challenging audit, one that is also independent and delivers the messages that matter to management and the audit committee. We add value beyond …
Assistant Manager / Manager – Aircraft Financing 1. Responsible for doing financial and cost analysis of term-sheets for aircraft financing. 2. Ensure accuracy and appropriateness of various financial models. 3. Responsible for reviewing term-sheets for aircraft financing and be proactive in highlighting issues which can have commercial impacts on costing. 4. Responsible for ensuring on …
Roles & Responsibilities: – Execution of client engagements – Ensure quality delivery as per client requirements. – Review of working papers and client folders. – Suggest ideas on improving engagement productivity and identify opportunities for improving client service. – Understand business & industry issues / trends. – Identify areas requiring improvement in the client’s business …
Financial analysis, the process of accumulating, envisioning, controlling, deciphering, and anticipating financial data and following the aim to evaluate the financial accomplishment of a particular department inside a company or of a company itself. It helps in making more reliable decision making The financial statements that include the income statement, balance sheet and cash flow …
As per Ind AS 108, Identification is based on 3 criteria. That is any operating segment should have 3 characteristics. Component of entity for which discrete financial information is available. (Income, expense, assets, liability) Component of entity whose performance is evaluated and reviewed by the Chief Operating Decision Maker (CODM) for the purpose of allocation …
1. Pan Card 2. Aadhar Card (linked with Pan) 3. Form 16 (Part-B) in case of Salaried Person 4. Bank Statement in case of Salaried Person 5. Books of Account with reconciliation of GST Portal in case of Business return. 6. In capital Gain income required purchase and Sale deed. 7. In House Property Head …
The major factors that are considered in selecting and retaining an auditor include the size of the audit firm, the status of ongoing auditor engagements, the cost of the auditor firm service and the specialty of service the auditing firm offers. one key consideration is the independence of the auditing process as history and research …
What are the things to be kept in mind while Auditor’s appointment and Rotation? Read More »
As per IND AS 12, deferred tax asset is recognised for all deductible temporary differences to the extent that it is probable that taxable profit will be available against which the deductible temporary difference can be utilised. The criteria for recognising deferred tax assets arising from the carry forward of unused tax losses and tax …
What are the DTA creation criteria as per Ind AS and how they are different from AS? Read More »
The notes shall: (a) present information about the basis of preparation of the financial statements and the specific accounting policies used in accordance with paragraphs 117–124; (b) disclose the information required by Ind ASs that is not presented elsewhere in the financial statements; and (c) provide information that is not presented elsewhere in the financial …
What are the disclosure requirements of Disclosure note 1 of financial statements? Read More »
“The amount set by the auditor at less than materiality for the financial statements as a whole to reduce to an appropriately low level the probability that the aggregate of uncorrected and undetected misstatements exceeds materiality for the financial statements as a whole.” The performance materiality aims to reduce the impact of materiality. performance materiality …
Many online Advertisement portals are non-resident and do not have permanent establishment in India. Many resident assessee make payment to this non-resident for advertisement and claim as business expenditure u/s 37. Now India is losing its revenue since payer gets the deduction and amount received by payee is not taxable, so Finance Act 2016 w.e.f. …
Supreme Court’s Landmark Judgement on Income Tax Exemption for Profit Oriented Educational Institutions (trust or societies etc.) Supreme Court overruled two previous judgements – Profit Oriented Educational Institutions (trust or societies etc.) can not Claim Income Tax Exemption u/s 10(23C) New Noble Educational Society vs Chief Commissioner of Income Tax. (Hon. CJI Uday Umesh Lalit, …
Any important recent judgements you’ve read about? Read More »
Sec 147 : Income escaping Assessment or Reassessment If any income chargeable to tax, in the case of an assessee, has escaped assessment for any assessment year, the Assessing Officer may, subject to the provisions of sections 148 to 153, assess or reassess such income or recompute the loss or the depreciation allowance or any …
Faceless assessment means carrying out of income tax assessment procedure without human interface with the use of technology. The Cases shall be assigned to the department through automated allocation system. There will be no direct contact of A.O with assessee. a) The provisions of the proposed Section 144B will apply to assessment, reassessment, or re-computation …
As Amended by Finance Act, 2022 INTRODUCTION Finance Act, 2021 introduced major changes to the provisions of reopening of assessment of an assessee for previous assessments years. Erstwhile Sections 147 to 151 were replaced with amended Sections 147, 148, 148A, 149, 150 and 151 respectively, with effect from 1 April 2021. Thus, any notice for …
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Advance tax means tax paid in the financial year immediately preceding the A.Y. (i.e., PY) As per section 208, every person whose estimated tax liability for the year is Rs. 10,000 or more shall pay his tax in advance in the form of advance tax As discussed above, every person whose estimated tax liability for …
The DRP is an Alternative Dispute Resolution (ADR) mechanism for resolving disputes related to Transfer Pricing in International Transactions. Appeal can be filed before CIT(A), when an assessee is adversely affected by Orders passed by various Income tax authorities the taxpayer, being a foreign company or facing TP adjustment (eligible taxpayer), has an option to …
Internal transfer pricing is pricing mechanism of the organisation under which one division of an organisation charges for the product or service transferred to another division of the same organisation thereby forming basis for allocation of combined revenue among the various divisions Division could be departments within a company or a group companies of a …
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Many online Advertisement portals are non-resident and do not have permanent establishment in India. Many resident assessee make payment to this non-resident for advertisement and claim as business expenditure u/s 37. Now India is losing its revenue since payer gets the deduction and amount received by payee is not taxable, so Finance Act 2016 w.e.f. …
Double taxation means the same income getting taxed twice in hands of same assessee. Any country taxes income on baris of two rules i.e. residence rule & source rule Double Taxation Avoidance Agreements is a treaty signed between two or more countries, through which the elimination of international double taxation, promotes the exchange of goods, …
An advance ruling refers to the facility of obtaining a judgment in advance from the Authority for Advance Rulings. The facility is used when the assessee has anticipated contentious issues in the Income Tax assessment. An advance ruling enables the assessee to obtain an authoritative decision of the Authority for Advance Rulings. The Advance ruling …
“Place of effective management” means a place where key management and commercial decisions that are necessary for the conduct of business of an entity as a whole are, in substance made. A “permanent establishment ” (PE) is a fixed place of business that generally gives rise to income or tax liability in a particular jurisdiction. …
Difference between POEM and PE. What are the types of PE? Read More »
The agreement is between the Board and a person. The principle to be followed in case of merger and demerger is that the person (company) who makes the advance pricing agreement (APA) application or enters APA would only be entitled for the rollback provision in respect of international transactions undertaken by it in the rollback …
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a] Primary adjustment is defined to mean the determination of the transfer price in accordance with the arm’s length principle resulting in an increase in the total income or reduction in the loss, as the case may be, of the taxpayer. A “secondary adjustment” has been defined to mean an adjustment in the books of …
Difference b/w primary and secondary adjustment? Read More »
Arm’s Length Price can be computed by the following methods; 1. Comparable Uncontrolled Price Method 2. Resale Price Method 3. Cost Plus Method 4. Profit Split Method 5. Transaction Net Margin Method 6. Such other methods as may be prescribed by the board 1. Comparable Uncontrolled Price Method: Under this method the price charged or …
What are the Methods for computing ALP along with examples? Read More »
Realized gains refer to profits from completed transactions whereas unrealized gains refer to profits that have materialized, but the transactions have not been completed. Realized gains are the profits earned from already completed transactions, thus they involve a receipt of cash. These are recorded in the income statement. Unrealized gains refer to profits that have …
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Ensure the accuracy of the data entry process, which involves journal entries of financial transactions and the posting of journal entries to the ledger which can be done by Automated data entry process, cross-checking the first data entries and assimilating a suite of technology-based and manual data entry techniques The next step towards the accuracy …
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Debt extinguishment occurs when a debt instrument is terminated. This occurs when the borrower repays the lender or bonds are retired by the issuer. Extinguishment may not involve full repayment of a debt; the two parties may agree on a lesser repayment amount if the borrower is unable to make a full repayment of the …
Debt covenants can simply be defined as agreements between the business and the creditors. Under this, the borrowing company is supposed to abide by certain conditions, in order to be entitled to receive the loan. If those conditions are not met, the borrower is considered to be a defaulter. For instance, “the borrower shall not …
So long as you use accrual accounting, cash flow statements are an essential part of financial analysis for three reasons: They show your liquidity. That means you know exactly how much operating cash flow you have in case you need to use it. So you know what you can afford, and what you can’t. They …
There are two ways to prepare a cash flow statement: the direct method and the indirect method: Direct method – Operating cash flows are presented as a list of ingoing and outgoing cash flows. Essentially, the direct method subtracts the money you spend from the money you receive. Indirect method – The indirect method presents …
Basic Earnings Per Share is the ratio, that is reckoned to know the earnings available to each equity share. It is calculated by considering company’s ordinary shares. On the other extreme, diluted earnings per share are computed when there are potential shares, i.e. convertible securities, in the company’s financial structure. Basic EPS is a tool …
Virtual certainty determination is a matter of judgement to be evaluated on a case to case basis , should be supported by convincing evidence, i.e., evidence available at reporting date in concrete form and cannot be based merely on forecasts of performance Reasonable certainty would normally be achieved by examining past records of the enterprise; …
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A walkthrough test is an examination of each step involved in a transaction. A transaction is traced right from the beginning to the end to understand the process flow A walkthrough test is an auditing technique that examines a process from initiation to completion. It is done on a very small sample – it may …
What do you mean by walkthroughs and control testing? Read More »
(1) It is a written statement by management provided to the auditor to confirm certain matters or to support other audit evidence. (2) It does not include financial statements, the assertions therein, or supporting books and records. (3) The auditor shall request management to provide a written representation that it has fulfilled its responsibility for …
We need to perform alternative audit procedures to larger items- By verifying the subsequent cash receipt to see if customers have paid for those invoices that were not confirmed, sales and shipping documents or By visiting debtors’ places or By communicating through other modes. Favorite
The auditor should evaluate whether Sufficient and appropriate audit evidence has been obtained and conclude on appropriateness of management use of going concern basis of accounting in preparation of Financial Statements 2) Based on audit evidence obtained, conclude whether material uncertainty exists related to events or conditions that, individually or collectively, may cast significant doubt …
A. The recognition of revenue in case of FOB (Free on Board) and CIF (Cost, Insurance and Freight) basis is determined by the point at which the ownership of the goods is transferred to the buyer. In case of FOB (Free on Board) basis, the ownership of the goods is transferred to the buyer once …
A. Operating leverage and financial leverage are two types of leverage that refer to how a company uses debt to amplify the returns on its operations or investments. Operating leverage is the extent to which a company’s operations are financed with fixed costs, such as salaries and rent, as opposed to variable costs, such as …
A. Financial ratios are used to evaluate a company’s financial performance and health by comparing different financial metrics. There are many different financial ratios that can be used, but some of the most common ratios include: Liquidity Ratios: 1. Current Ratio: Current Assets/Current Liabilities 2. Quick Ratio or Acid Test Ratio: (Current Assets – Inventory)/Current …
A. Working capital is a measure of a company’s short-term liquidity and is calculated as the difference between a company’s current assets and its current liabilities. Negative working capital occurs when a company’s current liabilities exceed its current assets. This means that a company’s short-term obligations are greater than its short-term resources. When a company …
A. Free cash flow (FCF) is a measure of a company’s cash flow that is available for distribution after accounting for capital expenditures. It is the cash that a company generates after accounting for the funds necessary for maintaining and growing its business operations. The formula for calculating free cash flow is: Free Cash Flow …
A. The most important thing to look for in an annual report while performing financial due diligence is the financial statements, including the income statement, balance sheet, and cash flow statement. These statements provide a detailed picture of the company’s financial performance over the past year and can be used to analyze trends and key …
A. Deferred revenue is a liability that represents revenue that a company has received but has not yet earned. It is revenue that a company has received in advance for goods or services that will be provided in the future. There is no accounting for deferred revenue. If the customer has already paid it will …
What is Deferred Revenue? What is its importance in Due diligence. Read More »
A. The enterprise value (EV) of a company is a measure of the total value of a company. It is calculated by adding the market capitalization of the company, the outstanding debt, and any preferred stock, and then subtracting any cash and cash equivalents. The formula for calculating enterprise value is: EV = (Market Capitalization) …
A. EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company’s financial performance that excludes certain non-cash expenses, such as interest, taxes, depreciation, and amortization. EBITDA is calculated by taking a company’s net income and adding back interest, taxes, depreciation, and amortization expenses. This results in a measure …
A. A Confidential Information Memorandum (CIM) is a document that is typically used in the process of selling or raising capital for a business. It is a document that provides detailed information about a business, including its operations, financial performance, and future prospects, to potential buyers or investors. The CIM is usually prepared by the …
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A. The most important aspect of financial due diligence is to thoroughly review and understand the target company’s financial statements, financial performance, and financial position. This includes reviewing historical financial statements, such as income statements, balance sheets, and cash flow statements, as well as understanding the trends and key drivers of the company’s financial performance. …
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